摘要
考虑存款准备金率作为我国货币政策的重要工具,本文在D-L-M模型中引入了法定存款准备金,分析了货币政策对银行风险承担的影响,发现货币政策对银行风险承担的影响取决于银行资本状况。接着利用我国14家上市银行的季度数据,采用门限面板回归模型实证分析了货币政策对银行风险承担的影响。
Given reserve requirements on deposit is an important instrument of monetary policy in China, this paper modifies the D-L-M model by introducing reserve requirements. We analyze how monetary policy influences bank risk-taking, and find that the effect of monetary policy on bank risk-taking depends on the degree of capitalization. With the quarterly data of 14 listed banks in China as a sample, this paper uses Threshold Panel Regression Model to analyze the effect of monetary policy on bank risk-taking. The empirical results show that tight monetary polices discourage bank risk-taking, and the impact of monetary policy on bank risk-taking depends on the bank capital condition.
出处
《金融研究》
CSSCI
北大核心
2012年第4期1-16,共16页
Journal of Financial Research
关键词
货币政策
银行资本
风险承担
Monetary Policy, Bank Capital, Risk-taking
